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YGMZ

MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) announced its intention to acquire driverless auto technologies and IP portfolio valued between $80 million and $90 million from The Carbonomi Trust and CYF (BVI) Limited. The acquisition aims to expand and diversify MingZhu's transportation and logistics business, including a focus on Generative AI and AGI based driverless technology. The company's shares rose 17.5% to $0.55 following the announcement.

Portfolio Pulse from Shivani Kumaresan

March 04, 2024 | 4:48 pm

BCDA

BioCardia shares are trading lower due to volatility following the announcement of interim results from its Phase III CardiAMP cell therapy heart failure trial.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 4:45 pm

AAPL

GLD

NVDA

SMCI

USO

Super Micro Computer Inc (SMCI) has become a YOLO stock, with its price running up due to its addition to the S&P 500 and becoming a favorite among the momo crowd, despite its high volatility and lack of a competitive moat compared to companies like NVIDIA (NVDA). The article warns investors of the risks associated with YOLO stocks, which have historically seen significant losses after rapid gains. It also mentions the overall stock market sentiment, the performance of major tech stocks, and movements in gold, oil, and Bitcoin prices.

Portfolio Pulse from The Arora Report

March 04, 2024 | 4:45 pm

HOLO

MicroCloud Hologram (NYSE:HOLO) has seen a 40.5% increase in short interest, with 699 thousand shares sold short, representing 18.11% of its float. This is significantly higher than its peer group average of 1.79%. The rise in short interest suggests a bearish market sentiment towards HOLO, but it's important to note that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 4:45 pm

PPL

PPL Corporation's (NYSE:PPL) short interest has increased by 3.28%, with 16.25 million shares sold short, representing 2.52% of its float. It would take approximately 2.71 days to cover these short positions. This rise in short interest could indicate a bearish market sentiment towards PPL, although it's not a definitive predictor of stock price movement. PPL's short interest is higher than its peer group average, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 4:45 pm

ICU

SeaStar Medical Holding's (NYSE:ICU) short interest has increased by 65.93% since the last report, with 2.49 million shares sold short, representing 4.53% of its float. This rise in short interest, which now exceeds the peer group average of 3.94%, could indicate a bearish market sentiment towards ICU. However, an increase in short interest can sometimes be bullish, suggesting potential for profit if the stock price increases.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 4:45 pm

F

SOXX

TSLA

Tesla shares dropped due to lower February sales in China, while the semiconductor sector continued to rise. Ford reported an increase in its February sales.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 4:39 pm

FUBO

FuboTV Inc (NYSE:FUBO) shares rose after reporting Q4 results, showing effective cost-cutting and reiterating its 2025 guidance for positive free cash flows. Seaport Research Partners upgraded FuboTV to a Buy and raised the price target to $2.50, citing higher-than-expected subscription revenue and potential benefits from an antitrust lawsuit. Shares were up 0.5% to $1.91.

Portfolio Pulse from Priya Nigam

March 04, 2024 | 4:38 pm

GSL

Global Ship Lease Inc (NYSE:GSL) reported Q4 FY23 results with an 8.4% Y/Y increase in operating revenue to $178.9 million, surpassing consensus estimates. However, operating income fell to $78.9 million from $85.1 million Y/Y. Adjusted EBITDA and normalized EPS both saw significant increases. The company declared a dividend of $0.375 per share, payable in March 2024. Trade disruptions in the Red Sea and water shortages in the Panama Canal have tightened containership supply and demand, impacting charter rates and asset values. Despite positive financial results, GSL shares dropped 6.6% to $19.24.

Portfolio Pulse from Lekha Gupta

March 04, 2024 | 4:38 pm

OILFF

Nextleaf Solutions Ltd. (OTCQB:OILFF), a cannabis processor, reported a 170% YoY increase in net revenue to $2.4 million for Q1 2024, marking its highest gross sales period. The company, which launched its house brands in Alberta, plans to introduce nine new products nationwide. Despite higher expenses, Nextleaf maintained a debt-free position and saw its shares rise 1.6904% to $0.1143.

Portfolio Pulse from Jelena Martinovic

March 04, 2024 | 4:35 pm